🕵️♂️ Changpeng Zhao (CZ) offers a new type of decentralized exchanges with a dark pool:
On regular DEXs, everyone can see the orders — this allows attackers to target traders through MEV and front-running.
In perpetual contracts, it is especially dangerous to show where liquidations are — the market can deliberately "flush out" positions.
In traditional finance (TradFi), large players use dark pools — these are hidden markets with volumes 10 times larger than usual.
Even if you have a billion dollars, you are vulnerable if everyone can see your position.
CZ proposes to create a perp DEX with a dark pool on the blockchain, using ZK technologies.
There will be hidden order books, deposits, and protection against attacks.